Description
This cash-flowing 4-unit building is comprised of four 1-bedroom, 1-bathroom apartments each with an enclosed backyard. One unit was vacated at the beginning of January 2023 and is in the process of being renovated and rented. Amenities and recent improvements include: fresh exterior paint, newer evaporative coolers (each unit), updated bathrooms and kitchens (3 of 4 units). This multifamily investment opportunity is in the University area near Kirtland Air Force Base, Sandia National Laboratories, the upcoming MaxQ mixed-use development at Kirtland, the regional VA Medical Center, the Puerta del Sol Golf Course, and the city's extensive transit system. The property is professionally managed and fully occupied. Investment performance metrics: 6.93% cap rate, 9.18 GRM, $40,200 gross income.
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1BEDS
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0.17ACRES
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1BATHS
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01/2 BATHS
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1,875SQFT
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$197$/SQFT
School Ratings & Info
Description
This cash-flowing 4-unit building is comprised of four 1-bedroom, 1-bathroom apartments each with an enclosed backyard. One unit was vacated at the beginning of January 2023 and is in the process of being renovated and rented. Amenities and recent improvements include: fresh exterior paint, newer evaporative coolers (each unit), updated bathrooms and kitchens (3 of 4 units). This multifamily investment opportunity is in the University area near Kirtland Air Force Base, Sandia National Laboratories, the upcoming MaxQ mixed-use development at Kirtland, the regional VA Medical Center, the Puerta del Sol Golf Course, and the city's extensive transit system. The property is professionally managed and fully occupied. Investment performance metrics: 6.93% cap rate, 9.18 GRM, $40,200 gross income.
IDX information © 2023 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Campbell & Campbell Real Estate Services. Data last updated: 2023-02-08T21:05:02.517.
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Listing courtesy of Keller Williams Realty: (505) 897-1100. © 2023 Southwest Multiple Listing Service, Inc.